News » December, 2010 » 13 December 2010
Competition between Erste and Raiffeisen sees mutual funds climb to new highs
13.12.2010, 00:07 | Capital Markets | 895 views
Two big Austrian fund managers call the shots on the mutual fund market, with competition between the two becoming increasingly tight, and Raiffeisen Asset Management managing to come very close to the undisputed leader of the last two years - Erste Asset Management, because it bet on investors' significant appetite for savings in euros. The mutual funds market has reached 5.454 billion RON (1.26 billion euros) in assets from over 219,130 new investors at the end of November, according to statistics issued by the Romanian Association of Asset Managers (AAF). Read more on ZF.ro
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